Internet | PayPal has announced its much-anticipated micropayments system, with Facebook and a number of other websites lining up behind it. PayPal describes the new product, available later this year, as an “in-context, frictionless payment solution that lets consumers pay for digital goods and content in as little as two clicks, without ever having to leave a publisher’s game, news, music, video or media site.” Scott McCloud is quick out of the gate with reaction: “This is so close, in almost every respect, to what we were asking for over a decade ago, it’s almost eerie. They’re even using the same language to describe it.” [TechCrunch]